Republicans in the House and Senate have until Friday to pass the recissions measure that targets foreign assistance and the Corporation for Public Broadcasting.

A political standoff has delayed a House vote on cryptocurrency legislation as Republicans struggle with timing constraints and internal disagreements over the GENIUS and Clarity acts.

As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).

Senate Majority Leader John Thune discusses efforts to pass a rescissions package, the Epstein files and the Trump administration's Ukraine policy on 'Special Report.'

WASHINGTON – President Donald Trump signed Wednesday afternoon legislation sponsored by U.S. Sen. Bill Cassidy that gives law enforcement another tool to go after those who illegally sell fentanyl.

The almost 900-page bill has plenty to say about taxes, and an array of changes, new credits and deductions are part of the new bill. But at its heart, the bill is about extending the tax provisions passed under the Tax Cuts and Jobs Act of 2017, during Trump’s first administration.

The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.

Missouri utility bills would rise the most of any state, according to the analysis from Energy Innovation, an energy policy think tank.

Some Republican lawmakers who supported President Trump's big reconciliation bill now seek changes in effective dates.